NEW YORK (
) hit a new 52-week high Friday as it traded at $69.83 compared with its previous 52-Week high of $69.56. WellPoint is changing hands at $69.79 with 682,949 shares traded as of 10:32 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.
WellPoint has a market cap of $25.3 billion and is part of the
industry. Shares are up 17.9% year to date as of the close of trading on Thursday.
WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. It offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. The company has a P/E ratio of 9.7, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates WellPoint as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
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